CTP Invest is now negotiating with UniCredit and Volksbank in Vienna, market sources said. The two lenders funded the investment in the complex.
The bankrupt Swan Office & Technology Park has been up for sale for almost two years now and the court-appointed liquidator, Casa de Insolventa Transilvania (CITR), has since cut the asking price from almost EUR43 million to EUR22 million, according to its website. Neither CITR nor CTP officials could be reached for comment on the information by press time.
Swan Office developed by Chayton Capital went bankrupt on debt of about 370 million lei (EUR82 million) mainly to UniCredit and Volskbank in 2013. The business park, a EUR50 million investment, failed because of the low occupancy rate and lower than expected rent level.
Swan Office has a lettable area of 29,000 square meters and occupancy rate stood at 50% last summer, according to the latest available data. Tenants include eMag, Flanco, Mercedes, BIC and Bilfinger.
CTP Invest bought six industrial properties in Romania paying more than EUR130 million in 2015.
(English version by Loredana Fratila-Cristescu)